國際會計原則IFRS 4要求保險公司應定期為負債適足性測試,以允當表達保險公司現時財務狀況,我國財務會計準則公報第四十號與IFRS 4接軌,此對我國保險公司責任準備金提列之衝擊相當大,尤其是對早期販賣高預定利率之長期人壽保單之保險公司,影響更為深遠。再者,Solcency II目前雖未定案,然其方向係朝以最佳估計值加上風險邊際計算責任準備金,此結果將比IFRS 4衝擊更大。在此認知下,除目前已較常見之財務再保險方式減輕保險公司提列責任準備金之方式外,以責任準備金證券化不失亦為一方法,然此方法是否得於我國落實,端視得否將法規鬆綁,使發行成本降低,更具體言之,其重心應於置於特殊目的再保險公司之找尋或另行設立。
International Financial Reporting Standards 4 (IFRS 4) requires insurance firms to conduct liability adequacy test on a regular basis so as to sufficiently disclose their financial status. Statement of Financial Accounting Standard NO.40 conforms to IFRS and thus has a great impact on the appropriation of liability reserve, especially to companies that sold long-term high interest rate insurance policies in earlier years. Besides, although Solcency II has yet to be finalized, it goes in the direction of best estimate plus risk margin, which will cause greater impact than IFRS 4. Under this circumstance, in addition to the more common way of financial reinsurance to relieve the burden of appropriating liability reserve, reserve funds securitization is also an option. The implementation of securitization in Taiwan hinges on deregulation to lower its costs. To be precise, the focus is on the search for and establishment of special purpose reinsurance vehicle.